MinaMar Group Marketing – Company Blog & Announcements

BEIJING, Nov 09, 2009 /PRNewswire-FirstCall via COMTEX/ — RMD Entertainment Group (RMDM; http://www.rmdmgroup.com) announces its aggressive plan to reduce both its outstanding and float share structure. The share reduction plan, which began early in October, 2009; is well under way. This will be a III phase share reduction in both outstanding and the float.

Phase I saw the company reduce its outstanding share structure by 400 million shares. This represents approximately 5% of the RMDM outstanding and current float.

Phase II is a complex transaction involving the stakeholders of over 5% in RMDM agreeing to a lock up agreement which will essentially reduce the current float by another 400 to 800 million shares.

Phase III will be when amongst other things, the issuer will approach individual (as permitted by law) shareholders on its NOBO list and offer conversion privileges from common stock to preferred stock. The preferred stock will pay annual cash dividends and will have conversion privileges back to common stock at some point in the future.

Phase IV will be a reorganization of the capital structure.

The company projects that these four phases being worked on simultaneously, may reduce RMDM’s outstanding share structure to about 1 to 2 billion outstanding shares, from the current 9.8 billion.

Shane Cooper, United Liquor’s President, (ULA) added; “We are very pleased with the restructuring of RMDM. We believe the added clarification to stockholders and the new corporate structure fits with ULA goals for rapid growth and stockholder value. The merger with RMDM is opening new doors for ULA which we look forward to sharing with stockholders in the near future.”

The RMD Entertainment Group’s management feels that this is a material event and that each stage with the new company requires a public announcement.

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